NISM Series VIII – Equity Derivatives Certification: Complete Exam Guide 2026
INTRODUCTION
Agar aap stock market mein apna career banana chahte hain ya Derivatives (Futures & Options) ki deep knowledge lena chahte hain, toh NISM Series VIII Equity Derivatives Certification aapke liye sabse zaroori hai. Aaj ke is article mein hum baat karenge ki ye exam kya hai, iska syllabus kya hai aur aap 2026 mein ise kaise crack kar sakte hain.
The NISM Series VIII – Equity Derivatives Certification Exam is one of the most important certifications for anyone who wants to build a career in the stock market, derivatives trading, or finance industry. Agar aap futures aur options me kaam karna chahte ho, ya stock broking firms, trading desks, ya advisory roles me entry lena chahte ho, to ye certification aapke liye kaafi useful hai.
Is post me hum detail me cover karenge:
- Exam pattern aur syllabus
- Eligibility aur fees
- Previous year question trends
- Preparation strategy
- Career opportunities
Ye complete guide beginners ke liye bhi hai aur finance background wale students ke liye bhi.
NISM (National Institute of Securities Markets) SEBI ke under kaam karta hai aur ye certifications conduct karta hai jo securities market ke professionals ke liye mandatory hoti hain.
NISM Series VIII – Equity Derivatives certification ka main objective hota hai candidates ko:
- Equity derivatives market ka practical knowledge dena
- Futures aur options trading ka understanding develop karna
- Risk management aur regulatory framework samjhana
Ye certification un logon ke liye mandatory hai jo equity derivatives segment me dealing, trading, ya operations me kaam karte hain.
NISM Series 8 Exam Overview:
Basic Exam Details:
- Exam Mode: Online (Computer Based Test)
- Total Questions: 100 MCQs
- Duration: 2 Hours (120 minutes)
- Total Marks: 100
- Passing Marks: 60%
- Negative Marking: 0.25 mark per wrong answer
- Language: English
Exam ka level moderate hota hai, lekin bina proper preparation ke clear karna difficult ho sakta hai.
NISM Series VIII Syllabus (Detailed Overview)
NISM Series 8 ka syllabus concept + application dono pe focus karta hai.
1. Introduction to Derivatives
- Meaning of derivatives
- Types of derivatives
- Uses: hedging, speculation, arbitrage
- Exchange-traded vs OTC derivatives
- Futures contract specifications
- Long & short futures payoff
- Mark-to-market (MTM) settlement
- Margins in futures trading
3. Option Fundamentals
- Call and put options
- Option buyer vs option seller
- Intrinsic value & time value
- Moneyness: ITM, ATM, OTM
4. Option Strategies
- Payoff diagrams
- Covered call & protective put
- Bullish, bearish & neutral strategies
- Breakeven point calculation
5. Index Derivatives
- Index futures & options
- Stock derivatives vs index derivatives
- Cash settlement mechanism
6. Pricing & Valuation
- Cost of carry model
- Factors affecting option prices
- Option Greeks (Delta, Theta, Vega – basics)
7. Risk Management & Margins
- SPAN margin system
- Exposure margin
- Risk containment measures
8. Clearing, Settlements & Regulations
- Role of clearing corporation
- Settlement cycle
- SEBI regulations
- Investor protection measures
Previous Year Question Pattern (Important for Exam)
Agar hum previous year question types analyze karein, to pata chalta hai ki:
- Options fundamentals & payoff se maximum questions aate hain
- Futures ke numerical questions regularly repeat hote hain
- Margin, SPAN aur clearing related theory questions common hain
- Greeks se basic conceptual questions aate hain
How to Prepare for NISM Series 8 Exam?
Step 1: Basics Clear Karo
>Derivatives, futures, options ka base strong hona chahiye.
Step 2: Payoff & Numericals Practice
>Futures profit/loss
>Options payoff
>Breakeven calculation
Step 3: Previous Year Question Types Revise Karo
Same topic ko different angles se poocha jata hai.
Step 4: Mock Tests Do
>Mock tests se:
>Speed improve hoti hai
> Weak areas identify hote hain
NISM Series VIII Exam Fees & Registration:
- Exam Fees: ₹1500 (inclusive of taxes)
- Registration official NISM website se hota hai
- Exam date aur center aap apni convenience ke hisaab se choose kar sakte ho
NISM exam ki taiyari ke saath-saath aapko SEBI (Securities and Exchange Board of India) ke naye rules ki jaankari hona bhi bahut zaroori hai. Haal hi mein SEBI ne Mutual Fund aur Trading ko lekar kuch bade badlav kiye hain jo har investor aur student ko pata hone chahiye.
Aap hamara ye detailed article yahan padh sakte hain:
👉 SEBI New Rules for Mutual Funds 2026: Kya badla hai? (https://www.growwithayush.in/2026/01/new-sebi-rules-for-mutual-funds-2026.html)
Validity of NISM Series 8 Certification:
NISM Series VIII certification:
- 3 years ke liye valid hoti hai
- Renewal ke liye:
- CPE program
- Ya re-examination required hota hai
Career Opportunities After NISM Series VIII
Ye certification clear karne ke baad aap in roles me kaam kar sakte ho:
- Derivatives Dealer
- Trading Executive
- Stock Broker Firm Employee
- Operations Executive
- Market Analyst (entry-level)
Who Should Take NISM Series 8 Exam?
ye exam ideal hai for :
- B.Com / BBA / MBA (Finance) students
- Stock market beginners
- Trading & derivatives aspirants
- Employees of broking firms
- Finance professionals
Frequently Asked Questions (FAQ) – NISM Series VIII Equity Derivatives:
1. What is NISM Series VIII – Equity Derivatives Certification?
NISM Series VIII is a SEBI-mandated certification designed for professionals working in the equity derivatives segment. It tests knowledge related to futures, options, risk management, clearing, settlement, and regulatory framework of the derivatives market.
2. Is NISM Series 8 mandatory?
Yes, this certification is mandatory for individuals involved in dealing, trading, or operations in the equity derivatives segment at stockbroking firms, as prescribed by SEBI.
3. What is the exam pattern of NISM Series VIII?
The exam consists of 100 multiple-choice questions (MCQs) to be completed in 2 hours. Each question carries 1 mark, and there is a negative marking of 0.25 marks for every incorrect answer.
4. What are the passing marks for NISM Series 8?
Candidates must score at least 60% (60 marks out of 100) to pass the NISM Series VIII – Equity Derivatives exam.
5. What is the exam fee for NISM Series VIII?
The exam fee for NISM Series 8 is ₹1500 (inclusive of GST). The fee is non-refundable and must be paid at the time of registration.
6. Is there any negative marking in NISM Series 8?
Yes, there is a negative marking of 0.25 mark for each wrong answer, so guessing should be avoided.
7. What is the validity of NISM Series VIII certification?
The certification is valid for 3 years from the date of passing the exam. After that, candidates need to renew it through the CPE program or by reappearing for the exam.
8. Is NISM Series 8 exam difficult?
The difficulty level of the exam is moderate. With proper understanding of concepts, practice of numericals, and revision of previous year question types, the exam can be cleared comfortably.
9. Can beginners or students appear for NISM Series VIII?
Yes, students and beginners can appear for the exam. There is no minimum educational qualification required, but basic knowledge of the stock market is recommended.
10. Which topics carry the highest weightage in NISM Series 8?
Based on previous year question trends, the following topics carry high weightage:
- Options fundamentals and payoff
- Futures pricing and MTM
- Margins and risk management
- Clearing and settlement
CONCLUSION:
NISM Series VIII – Equity Derivatives Certification Exam finance aur stock market field me ek strong foundation provide karta hai. Proper syllabus coverage, previous year question analysis, aur regular practice se aap is exam ko easily clear kar sakte ho.
Agar aap seriously derivatives market me entry lena chahte ho, to ye certification aapke career ke liye ek strong step ho sakta hai.
DISCLAIMER:
This content is for educational purposes only. We are not SEBI registered advisors. Please refer to official NISM study material for final preparation and always consult certified professionals before making financial decisions.
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